7 Iron Rules for Survival in the Cryptocurrency World

In the cryptocurrency market, those who seem to make substantial profits appear to have caught the trend, chosen the right assets, or been lucky. However, after a deeper understanding, I realized that the truly successful individuals have a set of "golden rules" guiding their operations. They are not blindly charging forward, nor are they gambling recklessly; instead, they rely on strong self-discipline, a comprehensive system, and stable mindset management.

First Rule: Controlling capital allocation is more crucial than anything else. You might think you lost because of market conditions, but in reality, you lost due to your position size. If you heavily invest in a counter-trend movement, even the best method will be of no use.

Second Rule: Do not trade emotionally. Placing orders is not an emotional outburst, not because "it is too weak, I want to short it," nor because "I feel it will rise." Any trade lacking logical and systematic support is just giving away money.

Third Rule: Do not delay stop-loss orders. Many people fail by saying "let's observe a bit more," which directly leads to irretrievable losses. A mature trader does not avoid mistakes; they know to admit them immediately when they occur.

Fourth Rule: Trade familiar assets, do not engage with coins you do not understand. If you cannot see through it, do not touch it; do not follow others' recommendations; do not chase after assets that are rising too rapidly.

Fifth Rule: Establish a clear trading system and strictly adhere to it. This includes entry logic, profit-taking and stop-loss rules, and position adjustment criteria. The ability to execute is more critical than the strategy itself.

Sixth Rule: Acknowledge that you are an ordinary person; do not fantasize about getting rich quickly. Truly exceptional individuals do not double their capital every day; rather, they consistently outperform 90% of others. This is not about who earns quickly, but about who survives the longest.

Seventh Rule: Trading is not everything in life; maintain an emotional buffer. Do not place all your emotions on profit and loss; otherwise, you can easily transition from "losing money" to "losing control."

The last and most crucial rule: If you want to make big money, first learn how to avoid losing money. This is an anti-human market; if you want to take money from others, you must be calm, rational, and patient enough.